From subjective expected utility theory to bounded rationality [Elektronische Ressource] : an experimental investigation on categorization processes in integrative negotiation, in committees', decision making and in decisions under risk / vorgelegt von Livia Reina

Technische Universität Dresden - Fakultät Wirtschaftswissenschaften - From Subjective Expected Utility Theory to Bounded Rationality: An Experimental Investigation on Categorization Processes in Integrative Negotiation, in Committees’ Decision Making and in Decisions under Risk Dissertationsschrift Zur Erlangung des akademischen Grades eines Dr. rer. pol. der Wirtschaftswissenschaften Vorgelegt von Livia Reina, Dottoressa in Scienze Politiche e in Economia betreut durch Herrn Prof. Dr. Lehmann-Waffenschmidt Dresden, im April 2005 To my parents Acknowledgment I would like to thank Prof. Luigi Mittone for his supervision of the experimental part of this work, and for giving me the chance to carry out my experiments at the CEEL (Computable and Experimental Economics Laboratory) of the University of Trento, with the financial support of TECS (Technologies for Experimental and Computational Economics). Index pp. Introduction 1 Section 1 Normative and descriptive approaches to decision making 11 Introduction 11 1.1 From Subjective Expected Utility Theory (SEUT) to Bounded Rationality 12 1.2 Bringing psychology into economics 24 1.3 Experimental Economics 46 1.3.1 The experimental method 46 1.3.2 Experimental evidence on bounded rationality 50 Section 2 Categorization 67 Introduction 67 2.